Closing the generational start-up gap
10th September 2012
Today, we launch a new report, Closing the Generational Start-Up Gap, which takes a fresh look at the efficiency of the UK’s entrepreneurial system. The research, produced for RBS by Aston University, identifies the barriers to youth enterprise and suggests how to close the gap between entrepreneurial intention and action.
Despite far more people under the age of 25 wanting to start their own business than people in their 30s and 40s, the report shows that they are only half as likely to do so. This suggests there is a generational ‘start-up gap’ that needs to be addressed.
The report proposes that closing the gap requires a concerted and co-ordinated effort from a host of companies and agencies working in this area. Collectively, we need to ensure that young people view starting a business as a genuine option and that they have the support and skills to put their ideas into action.
Download the full report
Closing the Generational Start-Up Gap (PDF, 590KB)
The RBS Group supports businesses of all shapes and sizes, in every sector of the economy. We're committed to promoting economic growth and recognise the important role we play in fostering the right conditions for people to turn their ideas into business success.
What do you think about this?
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Where is the press release that tells me what the report says?
You mean I have to read it!
But I am a journalist.
Back when I have digested it.
And no mention of the StartUp Britain Bus Tour that is about to visit 10,000 young people to encourage them to start a business . Details at www.startuptour.co
And the Gazelle Group of FE Colleges who are doing an amazing job of encouraging students into self-employment.
There's so much going on and I feel it should be covered in the report as this action is delivering results!
You will see from the quote on page 8 that we recognise existing support is extensive and good. An observation echoed throughout the document in examples which mention LiveWire, NACUE, PSYBT, GEW and so on.
This report is about UK young people's needs and perceptions, drawing comparisons with other age groups and internationally. We know there's an incredible range of other activities, networks and support out there - not least the fantastic work of StartUp Britain and the MADE festival.